XPND vs. XLK
Compare and contrast key facts about First Trust Expanded Technology ETF (XPND) and Technology Select Sector SPDR Fund (XLK).
XPND and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPND is an actively managed fund by First Trust. It was launched on Jun 14, 2021. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XPND or XLK.
Correlation
The correlation between XPND and XLK is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XPND vs. XLK - Performance Comparison
Key characteristics
XPND:
1.65
XLK:
1.13
XPND:
2.22
XLK:
1.58
XPND:
1.29
XLK:
1.21
XPND:
2.57
XLK:
1.48
XPND:
9.37
XLK:
5.07
XPND:
3.46%
XLK:
4.94%
XPND:
19.72%
XLK:
22.08%
XPND:
-38.00%
XLK:
-82.05%
XPND:
-2.90%
XLK:
-2.27%
Returns By Period
In the year-to-date period, XPND achieves a 31.10% return, which is significantly higher than XLK's 23.23% return.
XPND
31.10%
1.22%
9.23%
31.22%
N/A
N/A
XLK
23.23%
1.06%
3.67%
23.50%
22.06%
20.32%
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XPND vs. XLK - Expense Ratio Comparison
XPND has a 0.65% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
XPND vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) and Technology Select Sector SPDR Fund (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XPND vs. XLK - Dividend Comparison
XPND's dividend yield for the trailing twelve months is around 0.12%, less than XLK's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XPND First Trust Expanded Technology ETF | 0.12% | 0.18% | 0.34% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.48% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
XPND vs. XLK - Drawdown Comparison
The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for XPND and XLK. For additional features, visit the drawdowns tool.
Volatility
XPND vs. XLK - Volatility Comparison
First Trust Expanded Technology ETF (XPND) has a higher volatility of 6.19% compared to Technology Select Sector SPDR Fund (XLK) at 5.40%. This indicates that XPND's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.